AZZ Other Assets from 2010 to 2024

AZZ Stock  USD 75.02  0.80  1.08%   
AZZ Incorporated Other Assets yearly trend continues to be fairly stable with very little volatility. Other Assets will likely drop to about 1.4 M in 2024. During the period from 2010 to 2024, AZZ Incorporated Other Assets regression line of annual values had r-squared of  0.1 and arithmetic mean of  121,932,650. View All Fundamentals
 
Other Assets  
First Reported
2000-02-29
Previous Quarter
5.8 M
Current Value
1.5 M
Quarterly Volatility
297.9 M
 
Dot-com Bubble
 
Housing Crash
 
Credit Downgrade
 
Yuan Drop
 
Covid
Check AZZ Incorporated financial statements over time to gain insight into future company performance. You can evaluate financial statements to find patterns among AZZ main balance sheet or income statement drivers, such as Depreciation And Amortization of 83.4 M, Interest Expense of 112.4 M or Selling General Administrative of 134.8 M, as well as many exotic indicators such as Price To Sales Ratio of 0.86, Dividend Yield of 0.011 or PTB Ratio of 1.5. AZZ financial statements analysis is a perfect complement when working with AZZ Incorporated Valuation or Volatility modules.
  
This module can also supplement AZZ Incorporated's financial leverage analysis and stock options assessment as well as various AZZ Incorporated Technical models . Check out the analysis of AZZ Incorporated Correlation against competitors.
For more information on how to buy AZZ Stock please use our How to Invest in AZZ Incorporated guide.

Latest AZZ Incorporated's Other Assets Growth Pattern

Below is the plot of the Other Assets of AZZ Incorporated over the last few years. It is AZZ Incorporated's Other Assets historical data analysis aims to capture in quantitative terms the overall pattern of either growth or decline in AZZ Incorporated's overall financial position and show how it may be relating to other accounts over time.
Other Assets10 Years Trend
Slightly volatile
   Other Assets   
       Timeline  

AZZ Other Assets Regression Statistics

Arithmetic Mean121,932,650
Geometric Mean7,326,046
Coefficient Of Variation363.27
Mean Deviation213,472,447
Median8,196,000
Standard Deviation442,949,373
Sample Variance196204.1T
Range1.7B
R-Value0.31
Mean Square Error190775.5T
R-Squared0.1
Significance0.26
Slope30,866,994
Total Sum of Squares2746858.1T

AZZ Other Assets History

20241.4 M
20231.5 M
20221.7 B
202114.4 M
201911.5 M
20188.2 M
201719.7 M

About AZZ Incorporated Financial Statements

There are typically three primary documents that fall into the category of financial statements. These documents include AZZ Incorporated income statement, its balance sheet, and the statement of cash flows. AZZ Incorporated investors use historical funamental indicators, such as AZZ Incorporated's Other Assets, to determine how well the company is positioned to perform in the future. Although AZZ Incorporated investors may use each financial statement separately, they are all related. The changes in AZZ Incorporated's assets and liabilities, for example, are also reflected in the revenues and expenses that we see on AZZ Incorporated's income statement, which results in the company's gains or losses. Cash flows can provide more information regarding cash listed on a balance sheet, but not equivalent to net income shown on the income statement. We offer a historical overview of the basic patterns found on AZZ Incorporated Financial Statements. Understanding these patterns can help to make the right decision on long term investment in AZZ Incorporated. Please read more on our technical analysis and fundamental analysis pages.
Last ReportedProjected for Next Year
Other Assets1.5 M1.4 M

Pair Trading with AZZ Incorporated

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if AZZ Incorporated position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in AZZ Incorporated will appreciate offsetting losses from the drop in the long position's value.

Moving against AZZ Stock

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The ability to find closely correlated positions to AZZ Incorporated could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace AZZ Incorporated when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back AZZ Incorporated - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling AZZ Incorporated to buy it.
The correlation of AZZ Incorporated is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as AZZ Incorporated moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if AZZ Incorporated moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for AZZ Incorporated can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether AZZ Incorporated offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of AZZ Incorporated's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Azz Incorporated Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Azz Incorporated Stock:
Check out the analysis of AZZ Incorporated Correlation against competitors.
For more information on how to buy AZZ Stock please use our How to Invest in AZZ Incorporated guide.
Note that the AZZ Incorporated information on this page should be used as a complementary analysis to other AZZ Incorporated's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Headlines Timeline module to stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity.

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When running AZZ Incorporated's price analysis, check to measure AZZ Incorporated's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy AZZ Incorporated is operating at the current time. Most of AZZ Incorporated's value examination focuses on studying past and present price action to predict the probability of AZZ Incorporated's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move AZZ Incorporated's price. Additionally, you may evaluate how the addition of AZZ Incorporated to your portfolios can decrease your overall portfolio volatility.
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Is AZZ Incorporated's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of AZZ Incorporated. If investors know AZZ will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about AZZ Incorporated listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.02
Dividend Share
0.68
Earnings Share
3.46
Revenue Per Share
61.403
Quarterly Revenue Growth
0.089
The market value of AZZ Incorporated is measured differently than its book value, which is the value of AZZ that is recorded on the company's balance sheet. Investors also form their own opinion of AZZ Incorporated's value that differs from its market value or its book value, called intrinsic value, which is AZZ Incorporated's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because AZZ Incorporated's market value can be influenced by many factors that don't directly affect AZZ Incorporated's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between AZZ Incorporated's value and its price as these two are different measures arrived at by different means. Investors typically determine if AZZ Incorporated is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, AZZ Incorporated's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.